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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #6,681
  • May 11, 2010 7:22am May 11, 2010 7:22am
THANKSSSSSSSSSS you the man

finaly i got the LFXJPY been wanting it for ages
  • #6,682
  • May 11, 2010 7:31am May 11, 2010 7:31am
Quoting PIP Lover
THANKSSSSSSSSSS you the man

finaly i got the LFXJPY been wanting it for ages

you're welcome.
here's a tip, pay attention to the htf ie the weekly or monthly.
Almost all the time when a significant level are defended or taken on the lfx indexes, the currency pairs won't move yet, but a major shift in moves will develop after.
You'll get to see the move a lot faster than other people. Sometimes you'll get to see the moves develop weeks earlier. This means you'll get to plan out in advance & anticipate the changes in pa when it happens.
You don't have to believe me yet, but keep watching

Have a good one.
Thank You
  • #6,683
  • May 11, 2010 8:28am May 11, 2010 8:28am
lol whipsaw special day today. 3rd time today finding myself being fooled by pa
Thank You
  • #6,684
  • May 11, 2010 9:23am May 11, 2010 9:23am
Quoting wormboy
lol whipsaw special day today. 3rd time today finding myself being fooled by pa
Hey mate! Got the impression you're still surfing on that high from last week while markets have calmed down. Looks like both GU and EU could be bottoming out. You get back in synch you'll be fine!
  • #6,685
  • May 11, 2010 10:04am May 11, 2010 10:04am
Quoting AnonYmos
Hey mate! Got the impression you're still surfing on that high from last week while markets have calmed down. Looks like both GU and EU could be bottoming out. You get back in synch you'll be fine!
lol nah .. I'm a professional. I trade what's printed on the charts
Whipsaws are normal, I can switch between trades & take the losses, it's not an issue, just never had to go thru it 3 times in one day that's all.
Anyway, I'd like to think that cable had bottomed as well but that clearly had not been the case yet.
Below is the W1 cable. Yesterday's hi price tested the already broken major ltl & retreated. The all important 4850 psychological level is also the 61.8% retrace level & price is having all sorts of problems clearing here. Probably because of the political uncertainty in Britain at the moment causing the lack of interest from buyers.
At the other end of the spectrum there is also the 76.4% FE level priced @1.4350
I am not suggesting cable will tank that low, but it certainly is not out of the question given the current bearish outlook. And cable respects the 50% & the 76.4% retrace levels, so certainly something to look for.
Attached Image (click to enlarge)
Click to Enlarge Name: guw.gif Size: 24 KB
Thank You
  • #6,686
  • May 11, 2010 10:21am May 11, 2010 10:21am
Quoting wormboy
GBPUSD

1. short @4758 sl @4915 (0.2)

Okay, hopefully I don't get whipsawed again.
Price below do,dp, yesterday's low, 4850 psychological level & ltl pierced.

If this does not get anywhere near 4600, i'd be pissed lol
Okay let's see how this goes

Trade stopped out.

GBPUSD

1. short @4758 stopped @4915 (0.2)


welp, tough day for me today. staying flat.
Thank You
  • #6,687
  • May 11, 2010 11:00am May 11, 2010 11:00am
okay, one last try

GBPUSD

1. short @4961 sl @5070 (0.3)
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  • #6,688
  • May 11, 2010 11:02am May 11, 2010 11:02am
Quoting wormboy
lol nah .. I'm a professional. I trade what's printed on the charts
Whipsaws are normal, I can switch between trades & take the losses, it's not an issue, just never had to go thru it 3 times in one day that's all.
Anyway, I'd like to think that cable had bottomed as well but that clearly had not been the case yet.
Below is the W1 cable. Yesterday's hi price tested the already broken major ltl & retreated. The all important 4850 psychological level is also the 61.8% retrace level & price is having all sorts of problems clearing here....
never had to go thru it 3 times a day?! how i envy u, mate!

thx for pointing me to the weekly. changes the overall picture.
  • #6,689
  • May 11, 2010 11:02am May 11, 2010 11:02am
Same H4 chart as previously posted.
Attached Image (click to enlarge)
Click to Enlarge Name: gu4.gif Size: 26 KB
Thank You
  • #6,690
  • May 11, 2010 11:06am May 11, 2010 11:06am
Quoting AnonYmos
never had to go thru it 3 times a day?! how i envy u, mate!

thx for pointing me to the weekly. changes the overall picture.

you're welcome

I hate going against such a strong move, but we saw the same thing yesterday as well when price stopped ard the important levels and fell.
Going with what had worked before till they fail I guess. Cable's moved up 260 pips for the past 5 hours. Let's see what happens
Thank You
  • #6,691
  • May 11, 2010 11:07am May 11, 2010 11:07am
wb, you are aware that a tory govt might be announced any hour now and that might give further upside momentum to cable?

Quoting wormboy
Same H4 chart as previously posted.
  • #6,692
  • May 11, 2010 11:13am May 11, 2010 11:13am
Quoting coolshades
wb, you are aware that a tory govt might be announced any hour now and that might give further upside momentum to cable?
That's the rumour.

Yup watching the developments on the tele, but I trade mechanically shades, I do not know what the implications are when/if they do announce the new coalition govt. Could be up like you said, which in any case if it does happen, my emergency stop will come into play.
Thank You
  • #6,693
  • May 11, 2010 12:47pm May 11, 2010 12:47pm
closed the remaining of my long position which were held from last week.
think 1.7 can wait
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  • #6,694
  • May 11, 2010 12:53pm May 11, 2010 12:53pm
Quoting wormboy
you're welcome

I hate going against such a strong move, but we saw the same thing yesterday as well when price stopped ard the important levels and fell.
Going with what had worked before till they fail I guess. Cable's moved up 260 pips for the past 5 hours. Let's see what happens
Now, look, mate. Checked my own charts in the meantime and as you see doesn't look anywhere as dramatic as yours. Actually underlines my idea about a strong move up from the ltl. Noticed this before in discussions at FF: ppl have different charts and therefore see different things.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 10-05-11 w.gif Size: 35 KB
  • #6,695
  • May 11, 2010 1:13pm May 11, 2010 1:13pm
Quoting AnonYmos
Now, look, mate. Checked my own charts in the meantime and as you see doesn't look anywhere as dramatic as yours. Actually underlines my idea about a strong move up from the ltl. Noticed this before in discussions at FF: ppl have different charts and therefore see different things.

Yes, certainly looks very different from mine & making your bullish view valid. Oh well, nothing much we can do really except to trust what each of us see






Btw, did you "see" this on your chart? Sorry I had to throw a curveball to make myself feel good about holding short. I want to ruin your day as well
Attached Image (click to enlarge)
Click to Enlarge Name: gu 10-05-11 w.gif Size: 36 KB
Thank You
  • #6,696
  • May 11, 2010 1:27pm May 11, 2010 1:27pm
Quoting wormboy

Btw, did you "see" this on your chart? Sorry I had to throw a curveball to make myself feel good about holding short. I want to ruin your day as well

-- c'mon! u r not ruining my day! and i don't want to ruin yours! it's all about exchanging views and info for both of us to profit from. so, thx for pointing out the bearish component in my bullish chart!
  • #6,697
  • May 11, 2010 1:29pm May 11, 2010 1:29pm
Quoting AnonYmos
-- c'mon! u r not ruining my day! and i don't want to ruin yours! it's all about exchanging views and info for both of us to profit from. so, thx for pointing out the bearish component in my bullish chart!
lol I know. was just playing buddy
have a good one!
Thank You
  • #6,698
  • May 11, 2010 2:23pm May 11, 2010 2:23pm
YO Worm!

I've been following your thread for a while now. I trade a variety of methods including EO's and I know he speaks very highly of you. I'm learning a lot from you. Take Care and great work!
Cap
  • #6,699
  • May 11, 2010 3:20pm May 11, 2010 3:20pm
Quoting wormboy
okay, one last try

GBPUSD

1. short @4961 sl @5070 (0.3)

welp, no sell off. Took this trade off the table as I'm off to bed & do not want to wake up to another loss.

GBPUSD

1. short @4961 closed @4949 (0.3)


Not a very good day today. Let's see if tomorrow is going to be better
Thank You
  • #6,700
  • May 11, 2010 3:27pm May 11, 2010 3:27pm
Quoting The Captain
YO Worm!

I've been following your thread for a while now. I trade a variety of methods including EO's and I know he speaks very highly of you. I'm learning a lot from you. Take Care and great work!
hi captain

welcome aboard
EO's a good friend & an excellent trader. Have not spoken to him in a while tho.
Anyway, glad to know you find this thread and my bickering helpful

Have a good one!
Thank You
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